Fresenius SE & CO KGaA : Solid quarter, positive at Kabi, guidance revised slightly up
>Solid quarter – Positive at Kabi - Q3 revenues of € 9,324m (+4.6% y-o-y, 2%/1% ahead of ODDO BHF/consensus) saw 5% growth in constant currencies. Group EBIT of € 1,008m (-2.3% y-o-y, margin 10.8%) was 2%/3% below expectations. EPS of € 0.78 was 1% ahead of expectations. Kabi experienced organic growth of 8% driven by a 6% increase in North America, which is clearly positive. Europe increased by 6%, Asia/Pacific by 8% and Latin America/Africa by 27%. North Americ...Fresenius is a health care group providing products and services for dialysis, hospitals and outpatient medical care. Co. operates four business segments: Fresenius Medical Care; Fresenius Kabi; Fresenius Helios; and Fresenius Vamed. Fresenius Medical Care provides dialysis care and dialysis products for patients with chronic kidney failure. Fresenius Kabi is engaged in the provision of generic drugs, infusion therapies, clinical nutrition products, related medical devices and transfusion technology. Fresenius Vamed manages projects and provides services for hospitals and other health care facilities. Fresenius Helios is a private hospital operator which only operates in Germany.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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